For Bumble Roofing, what information must a franchisee provide if their business is structured as a partnership?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ute a waiver of any claim it may have against the assignor, nor shall it be deemed a waiver of Franchisor's right to demand exact compliance with any of the terms of this Agreement by the assignee;
- (f) The corporation, partnership, limited liability company or other business entity shall advise Franchisor and keep Franchisor current as to the names and addresses of the directors, officers, members, partners and shareholder of and those persons financially involved in the corporation, partnership, limited liability company or other business entity; and
- (g) Franchisee agrees to devote its full time and best efforts to manage the day-to-day operations of the Business unless it has an operational partner or Designated Business Manager approved by Franchisor.
Source: Item 22 — CONTRACTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, if a franchisee operates as a partnership, they must keep Bumble Roofing informed about the individuals involved in the business. Specifically, the franchisee must advise Bumble Roofing and keep them updated on the names and addresses of the partners and those financially involved in the partnership.
This requirement ensures that Bumble Roofing knows who is associated with each franchise location. This allows Bumble Roofing to maintain oversight and control over its brand and operations. It also enables Bumble Roofing to communicate effectively with the appropriate individuals regarding business matters, compliance issues, and other important updates.
Furthermore, the partnership agreement must state that the business's objectives are restricted solely to operating the Bumble Roofing business as outlined in the Franchise Agreement. The agreement must also state that the issuance and transfer of any partnership interest is restricted by the terms of the Franchise Agreement. Copies of the partnership agreement must be provided to Bumble Roofing upon request. This provision ensures that the partnership's activities align with the franchise agreement and protects Bumble Roofing's interests.